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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of M
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Macy's Inc stock upgraded to Buy Candidate.
(Updated on May 03, 2024)

Buy candidate since May 03, 2024 PDF

The Macy's Inc stock price gained 2.09% on the last trading day (Friday, 3rd May 2024), rising from $19.12 to $19.52. During the last trading day the stock fluctuated 2.54% from a day low at $19.13 to a day high of $19.61. The price has risen in 6 of the last 10 days and is up by 5.34% over the past 2 weeks. Volume fell on the last day by -325 thousand shares and in total, 4 million shares were bought and sold for approximately $75.51 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.12% during the next 3 months and, with a 90% probability hold a price between $17.75 and $20.85 at the end of this 3-month period.

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M Signals & Forecast

Mostly positive signals in the chart today. The Macy's Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $18.65 and $19.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 7.55%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Macy's Inc stock

Macy's Inc finds support from accumulated volume at $19.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.485 between high and low, or 2.54%. For the last week, the stock has had daily average volatility of 2.53%.

Our recommended stop-loss: $18.87 (-3.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (M) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Macy's Inc to open at $19.42, and during the day (based on 14 day Average True Range), to move between $18.93 and $20.11, which gives a possible trading interval of +/-$0.588 (+/-3.01%) up or down from last closing price. If Macy's Inc takes out the full calculated possible swing range there will be an estimated 6.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $19.30 (1.13%) than the resistance at $19.95 (2.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Macy's Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.474 Buy Candidate Upgraded

Predicted Opening Price for Macy's Inc of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$19.42 ( 0.521%) $19.52

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for M

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 19.90 1.96 %
R2 19.72 1.01 %
R1 19.60 0.428 %
Current price: 19.52
Support S1 19.23 -1.47 %
S2 19.12 -2.06 %
S3 18.93 -3.01 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 21.15 8.35 %
R2 20.45 4.76 %
R1 19.95 2.20 %
Current price 19.52
Support S1 19.30 -1.13%
S2 18.41 -5.69%
S3 17.44 -10.66%

M Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 23, 2024 Mar 14, 2024 Apr 01, 2024 $0.174 0.89%
2 Oct 27, 2023 Dec 14, 2023 Jan 02, 2024 $0.170 0.86%
3 Aug 25, 2023 Sep 14, 2023 Oct 02, 2023 $0.170 1.47%
4 May 31, 2023 Jun 14, 2023 Jul 03, 2023 $0.165 1.00%
5 Feb 24, 2023 Mar 14, 2023 Apr 03, 2023 $0.165 0.88%

FAQ

What is the symbol for Macy's Inc Stock and on which exchange is it traded?
The symbol for Macy's Inc is M and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Macy's Inc Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Macy's Inc Stock?
Macy's Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Macy's Inc Stock.

What's the current price of Macy's Inc Stock?
As of the end of day on the May 03, 2024, the price of an Macy's Inc (M) share was $19.52.

What is the 52-week high and low for Macy's Inc Stock?
The 52-week high for Macy's Inc Stock is $22.10 and the 52-week low is $10.54.

What is the market capitalization of Macy's Inc Stock?
As of the May 03, 2024, the market capitalization of Macy's Inc is 5.354B.

When is the next earnings date for Macy's Inc?
The upcoming earnings date for Macy's Inc is Jun 06, 2024.
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About Macy's Inc

Macy's Macy's, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of January 29, 2022, it operated 725 department stores in the District of Columbia, Puerto Rico, and Guam under the Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingd... M Profile

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